1 Indian State Retailers' April Petrol Sales Down 61%, Diesel by 57%: Sources By www.news18.com Published On :: Mon, 4 May 2020 01:21:41 +0530 The state retailers' petrol and diesel sales in first half of April declined by 61% and 64%, respectively, as a nation-wide lockdown to curb the spread of the coronavirus brought economic activity to a standstill. Full Article
1 Abbott's Covid-19 Lab-based Antibody Tests to be Available in India by End of May By www.news18.com Published On :: Mon, 4 May 2020 03:38:01 +0530 Antibody testing is an important step to tell if someone has been previously infected. It will provide more understanding of the virus. Full Article
1 Remdesivir Expected to be Available for Covid-19 Patients from Next Week: Top Company Official By www.news18.com Published On :: Mon, 4 May 2020 03:38:04 +0530 Remdesivir is authorised for the treatment of hospitalised patients with severe Covid-19 disease though the optimal duration of treatment is still being studied in ongoing clinical trials. Full Article
1 Average Daily Aadhaar-enabled Transactions Double; Over Rs 16K Cr Disbursed During Lockdown: FinMin By www.news18.com Published On :: Mon, 4 May 2020 11:10:06 +0530 As many as 43 crore transactions leading to disbursement of Rs 16,101 crore took place during the lockdown period, the Finance Ministry said in a tweet on Monday. Full Article
1 Petrol Price in Delhi Hiked by Rs 1.67 Per Litre, Diesel by Rs 7.10 as Govt Raises VAT By www.news18.com Published On :: Tue, 5 May 2020 12:36:40 +0530 Petrol in Delhi now costs Rs 71.26 a litre as against Rs 69.59 previously, oil industry sources said. Full Article
1 Rupee Rises 15 Paise to 75.58 Against US Dollar in Early Trade Amid Covid-19 Concerns By www.news18.com Published On :: Tue, 5 May 2020 11:00:49 +0530 Forex traders said a positive start of domestic stocks supported the local unit, while sustained foreign fund outflows and concerns over coronavirus outbreak weighed on the local unit. Full Article
1 US Financial Body Gives $15 Mn Loan to Indian Start-up to Expand Access to Quality Education By www.news18.com Published On :: Tue, 5 May 2020 02:09:26 +0530 An American financial organisation has agreed to sanction USD 15 million loan to an Indian education start-up to expand the access to quality education by providing critical financing to schools that serve low-income students in India. Full Article
1 NBFCs Ask RBI for One-time Restructuring of All Loans Till Mar 2021 By www.news18.com Published On :: Tue, 5 May 2020 02:13:44 +0530 Non-banking financial companies (NBFCs) have asked the Reserve Bank of India to allow them one-time restructuring of all loans till March 2021, as their borrowers are facing funding issues amid the coronavirus pandemic and the subsequent lockdown. Full Article
1 State-owned Bank NPAs May Rise in FY21, Govt's Fiscal Deficit to Widen: Bank Of America By www.news18.com Published On :: Tue, 5 May 2020 05:28:06 +0530 Analysts agree that Covid-19 pandemic will lead to an increase in bank's gross non-performing assets with some reports pegging the stock to double as well. Full Article
1 More Fiscal Stimulus Measures Necessary in India to Fight Covid-19: S&P By www.news18.com Published On :: Tue, 5 May 2020 07:01:03 +0530 In March, the government announced a Rs 1.7 lakh crore relief package focusing on providing food security to the poor and providing money in their hands to fight COVID-19. Full Article
1 Govt Hikes Excise Duty on Petrol by Rs 10 a Litre, Diesel by Rs 13 a Litre; No Change in Retail Rates By www.news18.com Published On :: Wed, 6 May 2020 12:02:43 +0530 These duty rate changes will come into effect from May 6. Full Article
1 Home Rental Company Airbnb Lays off 1,900 People as Coronavirus Slumps Business By www.news18.com Published On :: Wed, 6 May 2020 10:10:36 +0530 With millions of tourists canceling plans for vacations, work trips and family visits, Airbnb earlier this year said it was allocating $250 million to help offset losses incurred by hosts. Full Article
1 Govt to Gain Over Rs 1.5 Lakh Cr this Fiscal From Record Excise Duty Hike on Petrol & Diesel By www.news18.com Published On :: Wed, 6 May 2020 10:37:36 +0530 The government hiked excise duty on petrol by Rs 10 per litre and that on diesel by Rs 13 a litre to mop up gains arising from international oil prices falling to a two-decade low. Full Article
1 Sensex Drops Over 200 Points in Early Trade, Nifty Below 9,200 Amid Covid-19 Concerns By www.news18.com Published On :: Wed, 6 May 2020 11:16:56 +0530 ITC was the top loser in the Sensex pack, tanking nearly 6 per cent, followed by Axis Bank, Titan, Bajaj Auto, Maruti, M&M, L&T and IndusInd Bank. Full Article
1 Rupee Slips 18 Paise to 75.81 Against US Dollar in Early Trade By www.news18.com Published On :: Wed, 6 May 2020 11:22:02 +0530 Forex traders said the weakness in the rupee was largely due to the strengthening US dollar. Besides, rising coronavirus cases in the country also weighed on the local unit. Full Article
1 Kotak Mahindra Bank Declares 10 Per cent Pay Cut for Staff with Over Rs 25 Lakh Annual Salary By www.news18.com Published On :: Thu, 7 May 2020 03:16:43 +0530 The move from Kotak Mahindra comes weeks after the top management voluntarily surrendered 15 per cent of their payments for 2020-21. Full Article
1 Steel Giant ArcelorMittal Reports Net Loss of $1.1 Billion in First Quarter Amid Coronavirus By www.news18.com Published On :: Thu, 7 May 2020 03:26:25 +0530 The company also had to reduce production due to reduced demand. Full Article
1 India to Send Investment Pitches to More Than 1,000 American Companies to Relocate From China: Report By www.news18.com Published On :: Thu, 7 May 2020 10:16:32 +0530 India is prioritizing medical equipment suppliers, food processing units, textiles, leather and auto part makers among more than 550 products covered in the discussions. Full Article
1 SBI Cuts Benchmark Lending Rate by 15 Basic Points, New Special Deposit Scheme For Senior Citizens By www.news18.com Published On :: Thu, 7 May 2020 04:03:48 +0530 Under this new product, an additional 30 basis points premium will be payable for senior citizen's retail term deposits with "5 Years & above" tenor only. Full Article
1 ArcelorMittal Reports $1.1 Billion Net Loss in Jan-Mar Quarter By www.news18.com Published On :: Thu, 7 May 2020 04:56:45 +0530 The world's largest steelmaker had posted a net income of USD 0.4 billion in the year-ago quarter. Full Article
1 India Exports 33.5 Lakh Tonnes Sugar so Far in 2019-20 Marketing Year By www.news18.com Published On :: Thu, 7 May 2020 05:44:58 +0530 With five months still left for 2019-20 marketing year to end, the association feels the mills have the potential to fulfil their exports commitments. Full Article
1 Govt Buys 216 Lakh Tonnes Wheat from Farmers at MSP so far, More Than Half of Target By www.news18.com Published On :: Thu, 7 May 2020 09:14:34 +0530 The procurement of wheat and rice (second crop) during the ongoing Rabi season has picked up pace despite severe logistical constraints posed due to countrywide lockdown," the food ministry said in a statement. Full Article
1 Petrol, Diesel to Cost More in Rajasthan with Third Hike in VAT Rates amid Covid-19 Lockdown By www.news18.com Published On :: Thu, 7 May 2020 10:33:34 +0530 The state government on Thursday increased the VAT on petrol to 38 per cent from 36 per cent earlier while on diesel to 28 per cent from 27 per cent earlier. Full Article
1 Reliance Jio Sells 2.3% Stake to US Tech Fund Vista Equity Partners for Rs 11,367 Crore By www.news18.com Published On :: Fri, 8 May 2020 11:34:28 +0530 This is the third high profile-investment in Reliance Jio in as many weeks. Full Article
1 Cognizant Q1 Net Falls 16.7% to $367 Million; Sees Challenging Demand Environment in 2020 By www.news18.com Published On :: Fri, 8 May 2020 09:53:11 +0530 Cognizant follows January-December as financial year. Its net profit was at USD 441 million in the March 2019 quarter. Full Article
1 Rupee Rises 45 Paise to 75.27 Against US Dollar in Early Trade Amid Covid-19 Concerns By www.news18.com Published On :: Fri, 8 May 2020 11:06:08 +0530 Forex traders said a positive start of domestic stocks and significant foreign fund inflows supported the local unit. Full Article
1 Equity Mutual Fund Inflows Hit 4-month Low of Rs 6,108 Crore in April By www.news18.com Published On :: Fri, 8 May 2020 04:04:28 +0530 Overall, the mutual fund industry witnessed net inflows of Rs 45,999 crore across all segments, data by the Association of Mutual Funds in India showed on Friday. Full Article
1 Sensex Ends 199 Points Higher; Reliance Industries Rallies over 3 Percent By www.news18.com Published On :: Fri, 8 May 2020 04:10:51 +0530 After rallying 645.13 points during the day, the 30-share index surrendered most gains to settle 199.32 points or 0.63 per cent higher at 31,642.70. Full Article
1 Covid-19 Impact: Govt Hikes Market Borrowing Limit To Rs 12 Lakh Crore For Financial Year 20-21 By www.news18.com Published On :: Sat, 9 May 2020 06:57:49 +0530 Finance Minister Nirmala Sitharaman in her Budget for 2020-21 had pegged gross borrowing in the new financial year at Rs 7.8 lakh crore, higher than Rs 7.1 lakh crore estimated for 2019-20. Full Article
1 CII Bats for Immediate Stimulus Package of Rs 15 Lakh Crore By www.news18.com Published On :: Fri, 8 May 2020 08:19:58 +0530 Confederation of Indian Industry said a substantive stimulus is required from the government in the form of support to the poor and to the industry. Full Article
1 Indian Economy May Contract 0.4% in FY21 on Coronavirus Pandemic, Say Two Foreign Brokerages By www.news18.com Published On :: Fri, 8 May 2020 09:46:45 +0530 Japanese brokerage Nomura warned of a likely downgrade of the sovereign by global ratings agencies while American brokerage Goldman Sachs (GS) said RBI will cut rates by another 1 percentage point to arrest the economic slide. Full Article
1 Bank Credit Up 6.74% to Rs 102.69 Lakh Crore, Deposits Rise 9.82%: RBI Data By www.news18.com Published On :: Fri, 8 May 2020 10:50:13 +0530 In the year-ago fortnight, bank loans had stood at Rs 96.20 lakh crore and deposits at Rs 124.83 lakh crore. Full Article
1 CBDT Defers Requirement of Registration of Charitable, Religious Trusts by 4 Months Till October 1 By www.news18.com Published On :: Fri, 8 May 2020 11:36:47 +0530 Earlier, such registrations/approvals were granted without any specific expiry period unless specifically withdrawn by concerned tax authority. Full Article
1 India's Fuel Demand Dips Over 45% in April Amid Covid-19 Lockdown: Govt Report By www.news18.com Published On :: Sat, 9 May 2020 10:33:04 +0530 Consumption of fuel, a proxy for oil demand, totalled 9.93 million tonnes - its lowest since 2007, government data showed on Saturday. Full Article
1 ED Attaches AJL Mumbai Building Asset Worth Rs 16.38 Crore, Charges Moti Lal Vora By www.news18.com Published On :: Sat, 9 May 2020 03:28:12 +0530 The Associated Journals Limited (AJL) is controlled by senior Congress leaders, including members of the Gandhi family. Full Article
1 ICICI Bank Q4 Net Profit Rises 26 Per Cent to Rs 1,221 Crore By www.news18.com Published On :: Sat, 9 May 2020 05:03:45 +0530 The bank had posted a net profit of Rs 969 crore in the corresponding January-March period of 2018-19. Full Article
1 Govt Disburses Rs 18,253 Crore to 9.13 Crore Farmers Under PM-KISAN Scheme During Lockdown By www.news18.com Published On :: Sat, 9 May 2020 05:55:43 +0530 Under the PM-KISAN (Pradhan Mantri Kisan Samman Nidhi) scheme, each farmer gets Rs 6,000 in a year in three equal installments directly in bank account. Full Article
1 New Zealand Warriors Coach Urges Players to Help NRL Restart by Following Covid-19 Rules By www.news18.com Published On :: Mon, 4 May 2020 01:31:19 +0530 Stephen Kearney sees this as a chance for Australia's National Rugby League to be one of the first sports in the world to emerge from Covid-19 shutdown. Full Article
1 'It's the Worst Thing Ever': Ex-NHL Enforcer Georges Laraque Hospitalised with Covid-19 By www.news18.com Published On :: Mon, 4 May 2020 01:48:49 +0530 Georges Laraque, who is asthmatic, developed pneumonia in both lungs and was hit by nightly fevers post hospitalisation after testing positive for Covid-19. Full Article
1 NFL Confirms League on Track for Full Season Starting September 10 By www.news18.com Published On :: Mon, 4 May 2020 03:13:07 +0530 National Football League said they are planning to announce the schedule for full regular season by late next week. Full Article
1 Swimming World Championships Moved from 2021 to 2022 By www.news18.com Published On :: Mon, 4 May 2020 04:04:52 +0530 FINA announced that world championships were due to be held in Fukuoka next year from July 16-August 1 but will instead take place from May 13-29 in 2022 Full Article
1 Novak Djokovic May Have Broken Covid-19 Lockdown Rules in Spain by Returning to Tennis Court By www.news18.com Published On :: Tue, 5 May 2020 09:42:24 +0530 Novak Djokovic posted a video showing him exchanging shots with another man at clay court in the coastal city of Marbella. Full Article
1 World Archery Puts All Its 13 Staff on 'Temporary Partial Unemployment' By www.news18.com Published On :: Tue, 5 May 2020 11:35:44 +0530 World Archery executive board had suspended all its events till August 31, resulting in a huge losses to the federation. Full Article
1 Spanish Club Says it Mistakenly Allowed Novak Djokovic to Train Against Covid-19 Rules By www.news18.com Published On :: Wed, 6 May 2020 11:01:40 +0530 Novak Djokovic published a video of him training on Monday in apparent violation of Spain's current rules amid the coronavirus pandemic. Full Article
1 Anti-doping Hearings to be Conducted Online Amid Covid-19 Lockdown: NADA Director General By www.news18.com Published On :: Wed, 6 May 2020 01:48:50 +0530 NADA hearings have not been taking place due to the lockdown to contain the Covid-19 pandemic. Full Article
1 US Open Winner Bianca Andreescu Stays Focused on Becoming World No. 1 By www.news18.com Published On :: Wed, 6 May 2020 09:15:22 +0530 Bianca Andreescu's bid to return to competitive tennis suffered a further jolt when the season was halted in March due to the novel coronavirus pandemic. Full Article
1 NFL Great Brett Favre to Repay $1.1 Million Paid for Speeches Never Made By www.news18.com Published On :: Thu, 7 May 2020 11:00:01 +0530 The spending by the Mississippi Department of Human Services showed Brett Favre had been paid $1.1 million for three speaking engagements, none of which he participated in. Full Article
1 Australian Open Organisers Admit Cancellation of Grand Slam in January Possible Due to Covid-19 By www.news18.com Published On :: Thu, 7 May 2020 10:50:28 +0530 Tennis Australia spoke about the uncertainty around restrictions around coronavirus and said they will have to plan for all possible scenarios. Full Article
1 NFL Sets Protocols for Reopening of Team Facilities, to be Set in Place by May 15 By www.news18.com Published On :: Thu, 7 May 2020 12:45:21 +0530 NFL is also establishing workplace protocols that require face coverings unless a person is in a closed office. Full Article
1 Taiwan Baseball Draws Foreign Fans Amid Scarce Live Sports Due to Covid-19 Shutdown By www.news18.com Published On :: Thu, 7 May 2020 02:43:34 +0530 Taiwan's baseball league games are being streamed with English commentary, racking up millions of views for matches featuring cardboard cut-outs of fans and robots beating drums. Full Article